Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Serbian Businesses Spend 2% of GDP Each Year in Hidden Taxes

Businesses in Serbia are paying 730 million euros ($954.6 million) each year in hidden taxes, or 2 percent of economic output they could have spent on investments.

Companies in Serbia are paying 370 various taxes and charges including land and registry fees, mineral and geothermal resource fees, water and pollution charges, which translates into a cost of 570 euros per employee in the private sector, where 1.27 million people worked last year, according to a study conducted by the USAID and Serbia’s Alliance for Local Economic Development.

The survey of 1,000 businesses was conducted between October and February following an increase in complaints by businessmen over “excessive number of non-tax burdens” at a time when the Balkan country is eager to lure new investors, the study said.

Half of the total amount goes to the central government and the rest is collected by local governments, it said. Serbia’s fiscal deficit stood at $1.9 billion at the end of 2011, or 4.8 percent of GDP.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.